Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Jul. 31, 2023
Jul. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 3,445,114 $ 3,597,208
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 521,515 652,762
Stock-based compensation 488,764 975,847
Deferred income taxes 127,034 (93,289)
(Increase) decrease in operating assets:    
Accounts receivable 496,565 (303,370)
Inventory (684,573) (415,752)
Unbilled receivables (1,120,414) 642,380
Prepaid expenses (302,780) 727,360
Other current assets (24,965) 151,825
Increase (decrease) in operating liabilities:    
Accounts payable and other current liabilities (1,263,526) 240,562
Deferred revenue (297,837) 106,990
Net Cash provided by Operating Activities 1,384,897 6,282,523
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (432,932) (1,120,051)
Purchases of other intangible assets (76,677) (75,834)
Net Cash Used in Investing Activities (509,609) (1,195,885)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of notes (63,559)
Purchase of treasury stock (17,963)
Net Cash Used in Financing Activities (17,963) (63,559)
EFFECT OF CURRENCY TRANSLATION ON CHANGES IN CASH AND CASH EQUIVALENTS 1,105,872 (1,399,815)
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,963,197 3,623,264
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 22,927,371 17,747,656
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 24,890,568 21,370,920
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 2,902
Cash paid for taxes $ 1,270,100 $ 74,432